NEWS & UPDATES

March 7, 2012

The Bush Tax Cuts are not over, you would think.  However, the Majority in Congress delayed closing some of the Bush Tax cuts again.  Employee’s will see an increase (2%) resulting in a 2% cut on their paychecks beginning this March 2012.

 

The present administration got a two month extension in December, but congress would only extent it for that peri...

January 18, 2012

e-file Calendar for Tax Year 2011

 

 

 

May 27, 2011

At present the IRS (as it appears after meeting with associates and actual audits) that the IRS Number One "Hit list" is the Schedule C.  Therefore, I can only repeat that you keep good records (No, they do not have to be Computerized...but at least write them down and keep them in order).  I am not a Bookkeeper, but will help you organize your records th...

May 4, 2011

I would like to express my thanks to Ms. Jennifer Chan (626-757-7879) in setting up my web site.....Thank you very Much.

April 9, 2011

AB 1925 – TAX DELINQUENT LECENSEES. (I.e. MD, RN, RCP, CONTRACTORS, ETC). Authorize the FTB (franchise tax board-California) to suspend occupational and professional licenses for failure to pay tax liabilities and notify their respective licensing agencies of the suspension. State liens start at $1,000.00.
The question,

 

How long do I need to keep checks,...

April 9, 2011

TO BE FILED ON TIME

MARCH 15, 2011: MAIL INFORMATION TO US,
JAN 15, 2011: 1099 INFORMATION
JAN 15, 2011: W-2 INFORMATION

April 5, 2011

WINTER 2011
Volume XXX, No. 1

 

Welcome to a New Year, A continued RECESSION, and the question, “When will things get better?” Probably not for at least 3 years. Our economy has suffered from the Housing crisis, decreased production (We make nothing), Banking issues. Now, a big crisis is looming in the Education Loans. Deflation, Stagflation. We all might w...

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